 Alaska's permanent fund is facing a $600 million shortfall heading into the new fiscal year. $3.8 billion is set aside for the budget and the permanent fund dividend, and another $1 billion is allocated for inflation proofing. That exceeds the available revenue in the fund's spendable account, according to CEO of the state's permanent fund corporation, Devin Mitchell. The fiscal year starts July 1st. That's news of the Kenai and Alaska. I'm Adriana Hernandez-Santana.